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Dec 19, 2012
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if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and you know, we saw that go up 4.5%. my question to you, is there any relationship between coca cola enterprises and european market? >> not that much. they have specific things that are positive. my charitable trust owns it. it is why we play am i diversified. coke is the ultimate defensive stock. it can not rally in an environment where people think the economy is going to pick up big. let's go to mike in pennsylvania. >> big booyah from shippensburg university. >> what is going on? >> peabody energy. in 2011 australian mining of its growth. operations contributed to half of its growth. recently extre
if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and...
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Nov 28, 2012
11/12
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over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting obamacare out of there. what are the republicans starting to say? this will destroy the republican party because the party will have lost it soul. what else differentiates it from the party? >> here is the problem. the republicans have been saying for two years that this tax increase would destroy jobs and hope for a recovery. either they were lying then or if they were going along with it. they were lying now. which is it? >> this is interesting to me. why is the media working with the democrats on this very point about taxes. why is t
over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the...
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Nov 14, 2012
11/12
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tonight i want to talk to dave cote about the fiscal cliff because he is on the steering committee of the fix the debt campaign and he is spearheading it. welcome back to "mad money." >> always great to see you. >> welcome to the radical middle. >> yeah, hey, radical middle. that is what it is. when we talk about rise above into the radical middle. you are seeing the president tomorrow. what are you going to say to him? >> we have the worst debt problem we have had in over 200 years, since the revolutionary war, with the exception of ww ii. democrats and republicans have to work together. we have to come up with a $4 trillion plan, and with a simpler tax system with entitlement programs that have to get reformed. and some discretionary spending cuts, and they need to get this done. i believe that if they were to do something like go off the fiscal cliff, it could promote a much bigger crisis and recession. this could be a conflagration that we can't predict where it is going to go. that is silly. right, on the other side of it, i think there is a potential for a robust recovery that e
tonight i want to talk to dave cote about the fiscal cliff because he is on the steering committee of the fix the debt campaign and he is spearheading it. welcome back to "mad money." >> always great to see you. >> welcome to the radical middle. >> yeah, hey, radical middle. that is what it is. when we talk about rise above into the radical middle. you are seeing the president tomorrow. what are you going to say to him? >> we have the worst debt problem we have...
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Jul 25, 2012
07/12
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of the fiscal cliff for tax cuts and spending programs that will happen automatically at the end of the year. >> i take issue where. >> wendy: that. >> do you expect either of these to pass both chambers of congress? where does this issue go? >> we announced a cupping weeks ago that we're extending all of the tax code for a year to do fundamental tax reform next year. the senate is trying to pre-empt that saying we'll do some rates and let the others go. horrible for economic growth and effective top marginal tax rate in jan. we're not going to mass that, you're not going to pass the one year extension. i think what this means is whoever wins this election will determine what this all looks like next year. >> but leaving people's lives in the balance -- >> i agree with that. >> no decision until after the election, then we're talking about a month and a half to get something done, that won't happen, it will be a 2013 affair. what happens to jobs and the economy in those months. >> you have to pass a budget that does that. the senate has not passed a budget in three years. again, we
of the fiscal cliff for tax cuts and spending programs that will happen automatically at the end of the year. >> i take issue where. >> wendy: that. >> do you expect either of these to pass both chambers of congress? where does this issue go? >> we announced a cupping weeks ago that we're extending all of the tax code for a year to do fundamental tax reform next year. the senate is trying to pre-empt that saying we'll do some rates and let the others go. horrible for...
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Nov 13, 2012
11/12
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i believe that if they were to do something like go off the fiscal cliff. it could promote a bigger crisis and recession. this could be something that we can't predict where it is going to go. that is silly. >> right, on the other side of it. i think there is a potential for a robust recovery that economists are estimating. there are a lot of people like me who are saying let's wait and see. the world's big democracies are gridlocked over debt. we are going to wait and see what happens. if all of us could look at it and say they are governing. they understand compromise is synonymous with governing not giving in. >> would you explain to the president that the ceo's that did the best were the ones that fired the fastest? >> what is happening in our situation. every company has attrition. retirements, leave for another job. well, we lose 800 people a month. we hire back only 100 or 200 a month. >> and you have one of the best five year plans of any company out there. >> you go i'm not sure what is going to happen next month. if they do something silly, i don'
i believe that if they were to do something like go off the fiscal cliff. it could promote a bigger crisis and recession. this could be something that we can't predict where it is going to go. that is silly. >> right, on the other side of it. i think there is a potential for a robust recovery that economists are estimating. there are a lot of people like me who are saying let's wait and see. the world's big democracies are gridlocked over debt. we are going to wait and see what happens....
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Nov 19, 2012
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the idea of the fiscal cliff, the sequestration, automatic cuts to bring people to the table. we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where there is a big fema project. along the eastern seaboard a lot of that fema smending. th spending. then into florida where there's a lot of social security spending. same think along the gulf coast. zoom in on one louisiana county in here, there's a u.s. penitentiary there. a lot of federal spending. up through here, farm subsidies, drought relief. all kinds of things. out in arizona, retirees and other -- all the way up there in the state of washington. i understand we've got somebody coming from that state, a big naval base. that's going to show up big and make it red. what the pew center on the states did, they divided it
the idea of the fiscal cliff, the sequestration, automatic cuts to bring people to the table. we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where there is a big fema project. along...
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Nov 6, 2012
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is barreling towards the so-called fiscal cliff when come 2013 mandatory budget cuts and tax increases kick in on reduce the deficit by $560 billion. the map drawn by congress leads to automatic cuts next year of $27 billion each in defense and nondefense spending and another $12 billion cuts to medicare. but here's what lowers the deficit most. higher taxes. all the bush tax cuts go away and a 2% payroll tax for all workers comes back. all this coming at once would put the economy in a recession. congress and president could still take an off-ramp and avoid the cliff, but that would mean tough compromises to raise taxes or lower spending. the other alternative is to continue down the record of annual trillion dollar plus deficits. but both sides agree that's a bad direction for the country. >> joining us is patrick rice. thanks very much for getting up early to joins us. i'm sure there's a mal adrenalin today. but to focus on the financial issues, is it the fiscal cliff that we're already going to be looking at when we see the results come in tonight. and what are the odds if presiden
is barreling towards the so-called fiscal cliff when come 2013 mandatory budget cuts and tax increases kick in on reduce the deficit by $560 billion. the map drawn by congress leads to automatic cuts next year of $27 billion each in defense and nondefense spending and another $12 billion cuts to medicare. but here's what lowers the deficit most. higher taxes. all the bush tax cuts go away and a 2% payroll tax for all workers comes back. all this coming at once would put the economy in a...
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Oct 2, 2012
10/12
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what we are facing here, the combination of automatic defense cuts and domestic cuts and the fiscal cliff happening out m automatically is stag terring. >> you brought congress up. i think it is valid. >> that administration was supposed to put out a report specifying which budget programs would be cut and they never about it. that is terrible. >> come on, they jumped in and screwed that whole thing up. don't blame what is going to happen on the president. >> the law said. i'm a former omb guy under reagan. the law said the administration must put out a report and that is where this notification comes from. they didn't do that. >> proper law, is going to cushion all of this, but instead what we have awrong timing here. it looks dishonest and it is not proper and by the way, bill, let's remember this president doesn't want the bush tax cuts to be extended and that is going to hurt the economy. >> we had legislation to go to ensure the middle class tax cuts and the republicans refused to bring it up on the floor. they didn't look at it. why didn't they vote on it? >> thank you kudlow. caucu
what we are facing here, the combination of automatic defense cuts and domestic cuts and the fiscal cliff happening out m automatically is stag terring. >> you brought congress up. i think it is valid. >> that administration was supposed to put out a report specifying which budget programs would be cut and they never about it. that is terrible. >> come on, they jumped in and screwed that whole thing up. don't blame what is going to happen on the president. >> the law...
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Nov 27, 2012
11/12
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of late. i'm talking about ross stores. r-o-s-t. the company behind two off-price retail concepts we can't get enough of here on "mad money." ross is an off price play like tjx, another strong, strong player, where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider t hat since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. j
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of...
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Jul 10, 2012
07/12
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the market is anticipating the fiscal cliff and saying either cuts in spending will happen in an in ddiscriminate action and won't have much resolution until january. if you know that for sure and markets anticipated, i expect third and fourth quarters will be very difficult for the equities market in anticipation of the fiscal cliff. >> we had some more optimistic in the second half in large part because of patterns, weak summer and in the fall and winter, expect things to be cleared up. you disagree. why? >> there are two big defensives, this year we have a presidential election we did not have the past couple of years and adds to the overall uncertainty and essentially policies not moving forward, one big issue. second, believe the europeans are going to come to the end of the road regarding kicking the can. once that is finished and take the step -- if spain has to be bailed out, not just the banks, the government has to be bailed out within the next two to three months and if that happens, you're ainu situation and the crisis comes to your shores. >> i will be like from the usual suspects on
the market is anticipating the fiscal cliff and saying either cuts in spending will happen in an in ddiscriminate action and won't have much resolution until january. if you know that for sure and markets anticipated, i expect third and fourth quarters will be very difficult for the equities market in anticipation of the fiscal cliff. >> we had some more optimistic in the second half in large part because of patterns, weak summer and in the fall and winter, expect things to be cleared up....
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Nov 12, 2012
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. >>> and later, cliff diving? budget cuts, tax increases. the fiscal cliff looms large over the market. calls for compromise are out on all sides. but with gridlock still gripping the washington beltway, could your portfolio be at risk? stick around for cramer's call. all coming up on "mad money." i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> it is time for the lightning round. and then the lightning round is over. are you ready? start the lightning round. i want to start with mason in new york. mason? >> caller: jim, big boo-yah for all of us here at penn state u
. >>> and later, cliff diving? budget cuts, tax increases. the fiscal cliff looms large over the market. calls for compromise are out on all sides. but with gridlock still gripping the washington beltway, could your portfolio be at risk? stick around for cramer's call. all coming up on "mad money." i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very...
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Jul 10, 2012
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executives are already anticipating this fiscal cliff and cutting back on spending and not increasing hiring plans. we're a consumer nation. consumers have saving fatigue and consumers aren't quite getting it yet the way executives are. >>> now to niemann marcus targeting with target, they will offer designer products from fashion to sporting goods under $500. what do you say to that? is that a smart retail move? >> tyler, i don't mean to be the grinch in july. i think if you're niemann marcus, this is one of the stupidist things i ever heard, if you're selling the exact same products in both stores and your goal is get the target type shoppers there in, what's my motivation. if i can go to target and buy the same thing, why -- >> niemann says our buyers and target's customers have this in common at the very least, they like good design. >> people are now not shopping in one category or another, across categories. people want good deals for whatever price point they can get them. i think this is a good move and target shoppers are really excited. >> dollar general and saks. i think th
executives are already anticipating this fiscal cliff and cutting back on spending and not increasing hiring plans. we're a consumer nation. consumers have saving fatigue and consumers aren't quite getting it yet the way executives are. >>> now to niemann marcus targeting with target, they will offer designer products from fashion to sporting goods under $500. what do you say to that? is that a smart retail move? >> tyler, i don't mean to be the grinch in july. i think if you're...
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Nov 13, 2012
11/12
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. >>> and later, cliff diving? budget cuts, tax increases. the fiscal cliff looms large over the market. calls for compromise are out on all sides. but with gridlock still gripping the washington beltway, could your portfolio be at risk? stick around for cramer's call. all coming up on "mad money." >>> it is time for the lightning round. you say the stock. play this sound and then the lightning round is over. are you ready? start the lightning round. i want to start with mason in new york. mason? >> caller: jim, big boo-yah from all of us here at penn state university. >> yes! go penn state. >> caller: me and my buddies are competing in a stock pick competition. we are thinking about the hotel industry. what is your idea on choice hotels? >> i don't want to be in the hotel industry right now. speaking of mason, i want to wish happy birthday to fiscal cliff mason who now turns 18. he's our head writer. all right. let's go to simon in florida. simon? >> caller: boo-yah from miami. >> oh, man. i wish i were there so bad. can you transport me the
. >>> and later, cliff diving? budget cuts, tax increases. the fiscal cliff looms large over the market. calls for compromise are out on all sides. but with gridlock still gripping the washington beltway, could your portfolio be at risk? stick around for cramer's call. all coming up on "mad money." >>> it is time for the lightning round. you say the stock. play this sound and then the lightning round is over. are you ready? start the lightning round. i want to start...
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Apr 22, 2012
04/12
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and there's the fiscal cliff that's -- next year, policy makers don't act, we'll have pretty significant tax increases and spending cuts that will be hard for the economy to digest. there's a lot to be nervous about. let me say this, sue. all of these things, i'm nervous about, i'm less nervous about than i was 6 or 12 months ago. they are still there but less pressing than they were. >> we'll leave it on that note. thank you, mark, pleasure to see you again. >> mark zandi. now back to maria for the rest of the program. >> thanks so much, sue. up next, water water everywhere. the most abundant resource on the planet but is it in danger? we're drinking in the data on h 20. does the foodie culture overindulge when it comes to expense? authentic eats and big business. as we look how the stock market ended the week. en we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule.
and there's the fiscal cliff that's -- next year, policy makers don't act, we'll have pretty significant tax increases and spending cuts that will be hard for the economy to digest. there's a lot to be nervous about. let me say this, sue. all of these things, i'm nervous about, i'm less nervous about than i was 6 or 12 months ago. they are still there but less pressing than they were. >> we'll leave it on that note. thank you, mark, pleasure to see you again. >> mark zandi. now back...
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Oct 1, 2012
10/12
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this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it's gone? nancy pelosi was quoted in the "new york times" says she doesn't want to extend
this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic,...
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Nov 6, 2012
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cliff enabling the tax cuts to get extended for the highest earners. >> leadership is all well and good, but if you don't have the right incentive on the other side, i don't know what what's going to bring them to the table. you could have the most compromising president in the history of the united states, but what i don't understand is what is going to be the incentive on the other side. there's only two ways a real deal is going to get done. a united congress or united government essentially or a crisis. those are the only two things that i think are the real incentives for getting anything done. >> even ben bernanke called this a crisis, steve. are we in the middle of a crisis? >> you are correct, but right now it's like the slow war before the actual war. >> how many times have you seen president obama, and i don't want to get political here, how many times have you seen him in late-night meet aings with people from the house, people from the senate where they have their sleeves rolled up working until 3:00 in the morning to work it out? you don't see those pictures. >> they haven'
cliff enabling the tax cuts to get extended for the highest earners. >> leadership is all well and good, but if you don't have the right incentive on the other side, i don't know what what's going to bring them to the table. you could have the most compromising president in the history of the united states, but what i don't understand is what is going to be the incentive on the other side. there's only two ways a real deal is going to get done. a united congress or united government...
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Nov 30, 2012
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cliff issue? >> i think democrats have already shown a willingness to make very significant cuts. we've already in the budget control act agreed to an excess of $1 trillion of cuts. that's a pretty good faith counsel payment on our willingness to come to the table and do things that are very painful and difficult for us to do. we haven't seen that yet reciprocated in terms of gop willingness to raise the kind of revenues that we've already committed to reducing in terms of spending cuts. but i think we've demonstrated very good faith that we're ready to make the hard calls to pay down our debt, balance our books. at the same time, we don't want to take steps that are going to be counter productive? terms of the economy and getting people employed again. we don't want to go with an austerity approach like europe that will put us into potentially a double dip recession. >> speak to me about another issue that you've really been on the forefront of, and that is immigration reform, specifically as it
cliff issue? >> i think democrats have already shown a willingness to make very significant cuts. we've already in the budget control act agreed to an excess of $1 trillion of cuts. that's a pretty good faith counsel payment on our willingness to come to the table and do things that are very painful and difficult for us to do. we haven't seen that yet reciprocated in terms of gop willingness to raise the kind of revenues that we've already committed to reducing in terms of spending cuts....
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Dec 26, 2012
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>> the day of reckoning could be when we go off the fiscal cliff, everybody votes to have the tax cuts. everybody gets the political advantage of a tax cut so scared little rabbits don't have to worry about raising taxes. we'll have to get serious. your guys just gave us, it was depressing enough to go out and have two double cheeseburgers and a milk shake. it was awful, and it's about time. we need a plus. we need something to charge up this economy, and getting this done. robert zelic on our board on the campaign to fix the debt, you know, the former head of the world bank, he said america is one good debt deal away from being the dominant economy for the next 25 years in the entire world. >> so you believe it's going town lock -- taking away that uncertainty is going to unlock cap "x" and hiring and consumers to open up their wallet? you think it will make that much of a difference? >> i believe it will. how many other arrows do we have in our quiver? >> there's an optimistic thought. better have another cheeseburger, governor. good to see you, again. thank you. >> good to see you g
>> the day of reckoning could be when we go off the fiscal cliff, everybody votes to have the tax cuts. everybody gets the political advantage of a tax cut so scared little rabbits don't have to worry about raising taxes. we'll have to get serious. your guys just gave us, it was depressing enough to go out and have two double cheeseburgers and a milk shake. it was awful, and it's about time. we need a plus. we need something to charge up this economy, and getting this done. robert zelic...
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May 16, 2012
05/12
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. >>> falling off the fiscal cliff. what hundreds of billions of dollars in tax cuts set to expire, are we about to see the dividend gravy train come to a screeching halt? >>> plus, the way one percenters are signaling red flags for the markets. markets. with dedicated supports at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> welcome back. we've got a lot of news in the after hours trading session. let's go to brian shactman. over to you. >> some interesting news. making an acquisition for a peninsula gaming. trading to the downside, it's come back. it was down 3 plus percent. the financing is fully in place for this acquisition. i also want to take a look at red robin. i've never ate there but i'm told they have unlimited fries. revenue wa
. >>> falling off the fiscal cliff. what hundreds of billions of dollars in tax cuts set to expire, are we about to see the dividend gravy train come to a screeching halt? >>> plus, the way one percenters are signaling red flags for the markets. markets. with dedicated supports at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the...
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Dec 7, 2012
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cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best spokesman for conservatism. >> no, no. >> we should put a paul ryan -- we need younger leadership. >> paul ryan came out publicly in support of boehner. that's point number one. secondly, boehner jumped ryan over more senior people to put him as head of the budget committee. that's my second point. and boehner himself is being advised by ryan every step of the way. >> what do you say about this purge then? he's purging people that wants to balance the budget. >> you lost, ron. don't blame boehner. blame the republican party. blame conservatives. jim demint sa
cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best...
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Mar 3, 2012
03/12
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what's this fiscal cliff all about, and how is it going to affect the economy? >> well, you know, i'm not so worried about the spending cuts. like you, i'm worried about these massive tax increases. and given the state of the economy, if we let all these tax increases go through, i have little doubt that will push us back into a recession. perhaps a severe one. goldman sachs did a great study on the 569 of letting all the bush tax cuts expire, and maybe president obama would like it to happen, and it could happen, and they found that it would knock 3% to 4% points off of gdp, even assuming, even assuming, the fed cut interest rates dramatically, which now they can't do. they're already at zero, which means you're going to full the full effect of that tax increase. it would be terrible for growth and terrible for the economy. >> all right. so julian epstein, if we're headed for recession, let's take goldman's numbers. you take three percentage points off gdp, and it's only growing at 3%, maybe less. what do you do? this is bernanke's fiscal cliff. this was an imp
what's this fiscal cliff all about, and how is it going to affect the economy? >> well, you know, i'm not so worried about the spending cuts. like you, i'm worried about these massive tax increases. and given the state of the economy, if we let all these tax increases go through, i have little doubt that will push us back into a recession. perhaps a severe one. goldman sachs did a great study on the 569 of letting all the bush tax cuts expire, and maybe president obama would like it to...
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Nov 30, 2012
11/12
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you get a fiscal cliff deal, you'll have tax increases and spending cuts. they'll cut 1%, 1.5% off gdp. that's not good for stock market in 2013. you don't get a deal, you get mandatory spending cuts that will be worse. meantime, there are shorter term worries. how about getting through today? how do you go long or short here today when over the weekend anybody -- i mean almost anybody, can appear on a sunday talk show and make some inflammatory comment about the fiscal cliff not working, it's a mess, it's never going to happen and then you wake up and you're down 15 points monday morning. that's a problem figuring out what to do over the weekend. it could go the other way. generally it's a little bit more on the gloomy side. then you have the problem with december. we're going into the last month. today is the last day of november. people are behind the curve. a shocking number of people i spoke to are below whatever their benchmark is. do you lighten up? do you stay long what you got? it's hard to maneuver around because you need to get outperformance. yo
you get a fiscal cliff deal, you'll have tax increases and spending cuts. they'll cut 1%, 1.5% off gdp. that's not good for stock market in 2013. you don't get a deal, you get mandatory spending cuts that will be worse. meantime, there are shorter term worries. how about getting through today? how do you go long or short here today when over the weekend anybody -- i mean almost anybody, can appear on a sunday talk show and make some inflammatory comment about the fiscal cliff not working, it's...
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Nov 27, 2012
11/12
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i want to reduce the deficit j why are you afraid the fiscal cliff? >> because larry elder i believe that cutting spending will help grow the economy. i also believe a flat tax will help growth economy, but larry elder, my beef right now is it's all about revenues and tax rates and so forth, and i want lower spending because i think that's progrowth, larry elder. >> less money should be taken from the pockets of the american people, whether you're talking about deductions or loop hole, however you do it. less money should not -- should be taken from the american people, not more, and christiana roma said raising taxes is contractionary, lowering taxes section pangsry. one more time why do it at all? >> exaccuse me, larry. >> two things. there's a political reason and there's a policy reason. the political reason is we had an election. the american people decided tax rates were going to go up for the top 2% of income earners. the republicans tried the alternative approach, they didn't win. move on. the fife is off -- the philosophical approach, we trie
i want to reduce the deficit j why are you afraid the fiscal cliff? >> because larry elder i believe that cutting spending will help grow the economy. i also believe a flat tax will help growth economy, but larry elder, my beef right now is it's all about revenues and tax rates and so forth, and i want lower spending because i think that's progrowth, larry elder. >> less money should be taken from the pockets of the american people, whether you're talking about deductions or loop...
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Dec 27, 2012
12/12
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the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as business leaders. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. >>> welcome back. the dow jones
the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as...
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Jul 17, 2012
07/12
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the fiscal cliff warning is so great. he probably doesn't want to cut spending as much as i do, but he certainly doesn't want to have a big tax hike. he put a gun to congress' head and basically said, you've got to stop tax hikes that are going to lead to a reception because my similar lus is not going to happen. so my personal take, that is kudlow, qe-3, very, very doubtful. i know you traders out there and short-term investors are praying, gu i got to tell you, bernanke is pushing congress to do something about the tax hike business that could wreck the economy. that's exactly what he ought to do. let's turn to our panel and get their take. they may agree or disagree. lawrence meyer returns, former federal reserve governor. and the former cleveland federal reserve president. all right, larry, let me go to you. i think bernanke was tough as nail today. i kind of enjoyed his whole schtick. he didn't give up anything on stimulus and he's saying yeah, you want to risk a recession, an election year recession, go right ahead,
the fiscal cliff warning is so great. he probably doesn't want to cut spending as much as i do, but he certainly doesn't want to have a big tax hike. he put a gun to congress' head and basically said, you've got to stop tax hikes that are going to lead to a reception because my similar lus is not going to happen. so my personal take, that is kudlow, qe-3, very, very doubtful. i know you traders out there and short-term investors are praying, gu i got to tell you, bernanke is pushing congress to...
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Nov 29, 2012
11/12
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will it be a happy holiday for luxury retailers, or are fears of the fiscal cliff forcing consumers to cut back there as well? the ceo of burberry will give us her take. >>> and who will buy twinkies and other well-known hostess brands? big developments on that front today. find if you'll be able to buy a twinkie. you're watchi ining "the closin bell." stay with us. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 t
will it be a happy holiday for luxury retailers, or are fears of the fiscal cliff forcing consumers to cut back there as well? the ceo of burberry will give us her take. >>> and who will buy twinkies and other well-known hostess brands? big developments on that front today. find if you'll be able to buy a twinkie. you're watchi ining "the closin bell." stay with us. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day...
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Nov 20, 2012
11/12
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republicans have their backs up against the fiscal cliff with these tax cuts expiring. j.d. can explain to me a plausible scenario under which republicans can simply stand pat and get exactly >> they'll kick the can down the road and hope to get actual tax reform and entitlement reform. i don't know. if president obama didn't think about entitlement reform after going to the center, why would he think about it after winning a re-election? i'm not optimistic on genuine spending cuts and entitlement reform. >> no, which is why i don't think we get a deal by the end of the year. >> uh-oh. >> now i'm changing my mind. i see everybody digging in. i'm recognizing we're back to ideology. so no deal. over the fiscal cliff. recession. let's get ready for it. >> gentlemen, thank you both. such a happy topic. happy thanksgiving. our interview with barney frank told tus will come in stages. they'll figure out spending then the taxes. >> president will never do spending first. >> we'll see. the markets down 25, was down 94 at the low of the day. we've come off the lows as we head toward
republicans have their backs up against the fiscal cliff with these tax cuts expiring. j.d. can explain to me a plausible scenario under which republicans can simply stand pat and get exactly >> they'll kick the can down the road and hope to get actual tax reform and entitlement reform. i don't know. if president obama didn't think about entitlement reform after going to the center, why would he think about it after winning a re-election? i'm not optimistic on genuine spending cuts and...
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Nov 7, 2012
11/12
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whole point of a fiscal cliff. >> if you lower the spending share of gdp. you will grow -- >> diana? >> over to you. >> we gave up a great conversation for that. >> let me get your take on the president's cabinet. >> there is a downside with larry. it may be controversial. >> he is on the phone with tim geithner. >> i'm not 100% sure that larry fik would want that job. >> i will tell you for sure. >> larry fik wants the job. that is no doubt in my mind. >> he definitely wants the job. >> on treasury, the bet something that the current white house chief of >>> why don't you put one of the offices of deals in it. >> not impossible. it could happen. look, let's remember the princeables of simpson bowles. entitlement cuts plus tax increases. >> tax increases. >> that's what i mean by tax reform. >> that's revenue. >> those two thing s s. >> essentially we seem to be in a megaholding pattern. th crowd still stunned overall that even with a likely challenge to ohio, the headline is barack obama being re-elected president of the united states. we have had no indic
whole point of a fiscal cliff. >> if you lower the spending share of gdp. you will grow -- >> diana? >> over to you. >> we gave up a great conversation for that. >> let me get your take on the president's cabinet. >> there is a downside with larry. it may be controversial. >> he is on the phone with tim geithner. >> i'm not 100% sure that larry fik would want that job. >> i will tell you for sure. >> larry fik wants the job. that is no...
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Dec 26, 2012
12/12
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. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him more leverage. >> yes. >> his treasury secretary said that. tim geithner said that on cnbc. >> right. >> well, look, i mean, first of all, i don't believe he wants to go over the cliff, but if we go over the cliff, the economic downturn only occurs as others have said in this very segment if we stay over. if we go over and quickly reverse the damage. it's not good. it's bad, but it's a lot better than the recessionary scenario of staying over. >> rick? >> i listened. doesn't change my mind what. are you going to be saying four years from today? >> we didn't expect it to. >> matt, what do you make of what's
. >> the seeds of the fiscal cliff were planted in 2001 with the ten-year window for the bush tax cuts. secondly, look, you're not going to like this, rick, but the fact is the president has come more than halfway in terms -- he hasn't come anywhere. he's come halfway on 7%. he hasn't come halfway on the other side, the entitlement side, the reform side. we're going to a too light deal that's too small. >> a lot of people are saying he wants to go over the cliff because it gives him...
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Sep 29, 2012
09/12
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mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not one of those big old cold war programs that they have. i don't know if we should even be that worried. among the other things the company makes is highly secure communication systems, energy analysis, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fiscal retaining
mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not...
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Oct 30, 2012
10/12
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. >> people talking about fiscal cliff, people talking about medicare cuts, people talking about a president who may not be in favor of o -- a potential candidate not in favor of obamacare. isn't this the story of people turning 65 and how we just don't have enough properties? >> it clearly is a case of demographics. ventas has done well catering to baby boomers, as well as the over 85 population. and the over 85 is really the fastest growing segment in the u.s. >> in your presentation, a fabulous presentation, you have an average household income of $100,000 plus. this is the higher priced senior living experience, right? which means it's much less sensitive to different issues involving washington politics. >> yes, absolutely. over 80% of ventas' revenues come from private-pay sources and 25% of our business come from this very high end barrier to entry senior living markets operated by well known providers, atria and sunrise. and those two companies are just hitting the cover off the ball. >> now, you -- talking about occupancy rates and 90%. could you put that in perspective about where
. >> people talking about fiscal cliff, people talking about medicare cuts, people talking about a president who may not be in favor of o -- a potential candidate not in favor of obamacare. isn't this the story of people turning 65 and how we just don't have enough properties? >> it clearly is a case of demographics. ventas has done well catering to baby boomers, as well as the over 85 population. and the over 85 is really the fastest growing segment in the u.s. >> in your...
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Sep 14, 2012
09/12
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to what extent she would be taking into account some of the automatic cuts if we go over the fiscal cliff into our investment strategy. dan? >> well, currently, most of the sequestration and really the fiscal cliff in general isn't in the forecast. it's pretty hard to imagine that congress is that dumb to allow this to happen. when i go meet with clients, there really is a one-sided trade so to speak in this that just about everybody i meet with thinks the fiscal cliff is sort of ignored or extended, let's say, three or six months down the road. i keep reminding people that, if president obama wins re-election, irrespective of what you think about his policies, he's campaigning on a claim to raise taxes on the upper income brackets. if he wins re-election. he's going to have the case to make to house republicans that taxes should go up. to the extent we believe house republicans are not going to agree with him, i think the probability of the fiscal cliff is higher. >> guys, we're going to get more on these cuts as we sort of get them in. lockheed martin and northrop grumman are down a few
to what extent she would be taking into account some of the automatic cuts if we go over the fiscal cliff into our investment strategy. dan? >> well, currently, most of the sequestration and really the fiscal cliff in general isn't in the forecast. it's pretty hard to imagine that congress is that dumb to allow this to happen. when i go meet with clients, there really is a one-sided trade so to speak in this that just about everybody i meet with thinks the fiscal cliff is sort of ignored...
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Nov 9, 2012
11/12
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that's all the fiscal cliff is, raaxes and cutting spending. the europeans could look over at us and say hey this is your austerity. this isn't bad. do it. >> absolutely. you know, we have to cut spending, not only at the federal level but at the state level, at the county level, at the city level and in the banking business we're extremely concerned about municipals right now. they also have this problem, and i think your previous comments about, you know, the public unions taking on private enterprise, i think that's going to be a big fight here in the coming months that are coming about and all i can tell you is that main street america today is getting ready to lock up and if they lock up, we're going to go back into a recession. >> thanks, rusty. we appreciate your time today. we have to run. >>> coming up, ralph schlosstein on the fiscal cliff and a lot more after this. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education.
that's all the fiscal cliff is, raaxes and cutting spending. the europeans could look over at us and say hey this is your austerity. this isn't bad. do it. >> absolutely. you know, we have to cut spending, not only at the federal level but at the state level, at the county level, at the city level and in the banking business we're extremely concerned about municipals right now. they also have this problem, and i think your previous comments about, you know, the public unions taking on...
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Sep 24, 2012
09/12
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you have to address the fiscal cliff at some point, right? >> no. the physical cliff -- the physical cliff and the bush tax cuts are two very separate items. the bush tax cuts run out september 31st, period. unless congress and the president both agree, you know, then some of those are going to run out, or all of them, theatericly. i don't think that will happen. if the president wins, he has the whip vote. we should know that. >> you signed -- >> unless he wants to deal with the president. >> you signed mr. norquist's pledge. can you imagine any circumstances under which you would go along personally with tax hikes in exchange four democratic flexibility on imperatives ornishtives like solving issues of medicare and avoiding big defense cuts? >> well, i am not going to get in theoreticals. it can lower rates while we eliminate loopholes. i think that's the solution. president clinton floated that idea several months ago. why don't we keep the bush tax cuts in place for a year and go to work and redesign the tax system. i think that could be a very
you have to address the fiscal cliff at some point, right? >> no. the physical cliff -- the physical cliff and the bush tax cuts are two very separate items. the bush tax cuts run out september 31st, period. unless congress and the president both agree, you know, then some of those are going to run out, or all of them, theatericly. i don't think that will happen. if the president wins, he has the whip vote. we should know that. >> you signed -- >> unless he wants to deal with...
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May 15, 2012
05/12
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cliff of expiring tax cuts, automatic spending cuts an the need to raise the debt limit. but today many of the biggest players in washington at least began talking about it at a fiscal summit sponsored by the foundation of former commerce secretary and wall street executive >> peter: son. treasury secretary tim geithner led off by repeating the administration's call for a balanced deficit reduction plan that would call on wealthy americans to pay more. >> this set of expiring tax measures and automatic spending cuts should be a very powerful incentive for people on both sides of the aisle to figure out a balanced package of deal with these kind of things. again, it is not -- it's not that complicated. we can do it without asking americans to bear an unacceptable burden, unacceptable pain for an economy still healing from a crisis. if you do it in a balanced way with the reforms spread across the economy as a whole. >> but house speaker john boehner blasted president obama and the administration for refusing to accept needed spending cuts in the so-called grand bargain the
cliff of expiring tax cuts, automatic spending cuts an the need to raise the debt limit. but today many of the biggest players in washington at least began talking about it at a fiscal summit sponsored by the foundation of former commerce secretary and wall street executive >> peter: son. treasury secretary tim geithner led off by repeating the administration's call for a balanced deficit reduction plan that would call on wealthy americans to pay more. >> this set of expiring tax...
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Nov 21, 2012
11/12
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>>> if lawmakers do not act to save the economy from falling off the fiscal cliff, $490 million would be cut from the centers for disease control and prevention's national breast and cervical cancer early detection program, which would result in over 33,000 fewer women screened for breast and sercervical canc. it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wall
>>> if lawmakers do not act to save the economy from falling off the fiscal cliff, $490 million would be cut from the centers for disease control and prevention's national breast and cervical cancer early detection program, which would result in over 33,000 fewer women screened for breast and sercervical canc. it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well....
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Jul 12, 2012
07/12
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so it's -- it's not really a fiscal cliff. more like a fiscal slope, i guess. >> how do you play it then, how do you recommend your clients up north to play us? >> unfortunately, medium to longer term, we have a fairly bearish view of the oil price which is one of the reasons why the u.s. market has been the place to be and not the canadian market. we were looking for $65 a barrel for oil, so we were bearish. but near-term we think there is a real opportunity for the oil price here. you have gasoline prices that are lower, you have great weather, there should be a pretty good driving season in the u.s., so we would not be surprised to see a short-term rally. >> since we were talking about the oil price, 65 for wti, 85 for present, is that too bearish for you? >> not in the short-run. it is a positive in the short run, but i will take it for what it's worth. it's good for consumer spending. >> you see the possibility of a recession here in the united states next year if the administration does not get it's act into gear. >> i t
so it's -- it's not really a fiscal cliff. more like a fiscal slope, i guess. >> how do you play it then, how do you recommend your clients up north to play us? >> unfortunately, medium to longer term, we have a fairly bearish view of the oil price which is one of the reasons why the u.s. market has been the place to be and not the canadian market. we were looking for $65 a barrel for oil, so we were bearish. but near-term we think there is a real opportunity for the oil price here....
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Apr 10, 2012
04/12
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we are about to be faced with, with is recognition and discussion of the fiscal cliff, raising taxes, lowering taxes, all of those other issues. the earnings outlook was never that great for that quarter. >> barry, here's my confusion. if things get bad, the fed has basically said they will step in with quantitative easing 3. so the worst things starts to look, shouldn't we expect the fed to step in which would lift all votes and not explain why the stock market is going down. shouldn't it go up, given the fact that the fed has said, we want to help the economy, which we all know means inflate asset prices? >> two issues with that. number one, in the long run, we think that quantitative easing and fed policy is actually lowering p.e. multiples just like it did in the 40s and 50s. if you look at the general trends of multiples, they have been falling. we think is only a short term sugar high. the second issue that i have is before the fed does not act, you needed the pressure outlook to deteriorate. you needed either the data to get worse or the fed was going to end operation twist wit
we are about to be faced with, with is recognition and discussion of the fiscal cliff, raising taxes, lowering taxes, all of those other issues. the earnings outlook was never that great for that quarter. >> barry, here's my confusion. if things get bad, the fed has basically said they will step in with quantitative easing 3. so the worst things starts to look, shouldn't we expect the fed to step in which would lift all votes and not explain why the stock market is going down. shouldn't...
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Jun 19, 2012
06/12
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take with us, the fiscal cliff which includes tax cut, balancing the budget, the keystone pipeline, all stalled. congress is nowhere near what they've accomplished in past years, past congresses. in fact, it's no wonder that gallup's latest congressional approval rating stand at an unimpressive 17%. that is up, in fact, though, from the all-time low of 10%, which was hit just back in february. bertha combs has been look into the numbers and joins us now. it's evening, have i got that right? >> it is, evening, joe. uh you're wide awake. normally you're sleeping at this time. harry truman may have been the one that coined the phrase do-nothing congress, but the current congress, the 112th has that group beat by a mile. after republicans swept the house with a promise of snauler government, well, congress has delivered on that promise at least when it comes to legislation last year. now, according to the congressional record, the senate and house were in session for about 170 days a piece in the first session of the 112th congress. and they passed 90 laws. compare that to the 110th congres
take with us, the fiscal cliff which includes tax cut, balancing the budget, the keystone pipeline, all stalled. congress is nowhere near what they've accomplished in past years, past congresses. in fact, it's no wonder that gallup's latest congressional approval rating stand at an unimpressive 17%. that is up, in fact, though, from the all-time low of 10%, which was hit just back in february. bertha combs has been look into the numbers and joins us now. it's evening, have i got that right?...
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Nov 9, 2012
11/12
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while you trim the portfolio to cut back on stocks with too much exposure to the fiscal cliff which is something i wouldn't be wearing this button if i didn't think it would wreck a lot of portfolios, abbott is the name you should be repositioning into. in part because it's a health care company and health care is about, not totally, particularly in italy and spain, is about as recession resistant as it gets. there are a lot of big pharma stocks. what abbott has is two catalysts, one is now and one in a couple days. the first catalyst, it's the breakup. new year's eve when everybody else is in the business world counting down to the horror of the fiscal cliff, abbott will be on the verge of this corporate divorce that should create enormous value for shareholders. that's right. they set a date on january 1, the company will officially break itself up. and this is the thing we have been waiting for since i initially recommended the stock last year at this time. the whole point of the split is they have the fastest growing medical products business being held back by a slower growth phar
while you trim the portfolio to cut back on stocks with too much exposure to the fiscal cliff which is something i wouldn't be wearing this button if i didn't think it would wreck a lot of portfolios, abbott is the name you should be repositioning into. in part because it's a health care company and health care is about, not totally, particularly in italy and spain, is about as recession resistant as it gets. there are a lot of big pharma stocks. what abbott has is two catalysts, one is now and...
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Nov 7, 2012
11/12
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cliff. sflit so people are really concerned. we're going to have those 100 ceos that form that organization marching down to washington. probab >> what's more important to this market? europe or the fiscal cliff? >> i actually think -- i think it would be the fiscal cliff but i have to tell you, if europe starts to implode and look what they're doing in greece today, if that movement starts to move to spain and the other countries that's going to steal the headlines. >> i think those pictures as well. even if we don't get headlines out of greece. when you see those kinds of pictures, it brings it all back home. >> it brings it all back home. then people are concerned that it gets out of control. then it starts to go to spain. starts to go to the other countries. then does it in fact come to our shores? if we go over the fiscal cliff. >> i'll see you a little later in the show. >>> phil lebeau joins us now. he's got more on the late breaking news on boeing for us. what do you got, phil? >> su
cliff. sflit so people are really concerned. we're going to have those 100 ceos that form that organization marching down to washington. probab >> what's more important to this market? europe or the fiscal cliff? >> i actually think -- i think it would be the fiscal cliff but i have to tell you, if europe starts to implode and look what they're doing in greece today, if that movement starts to move to spain and the other countries that's going to steal the headlines. >> i...
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Nov 14, 2012
11/12
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i'm curious. >> many people want to go over the fiscal cliff. people who want the defense budget cut and feel the defense budget is wasteful. perhaps the headlines actually lately out of the military will make people feel a stance. people who feel they are able to teach america a lesson to go over the cliff. the cliff jumpers feel very strongly that they are doing the right thing. while i favor the first amendment, i think it's an important way to be able to discuss things. i cannot -- there's a discussion that says it's great if we jump at of fiscal cliff with the data of what happens so there are people that support jumping off the fiscal cliff as a way to teach america a lesson. >> there will be people that will discuss it every day and people in this markets are focused on it. it's a negotiation. as such even though it will take place in the public realm to a certain extent, we're going to just have to wait. there are those -- i think wall street in some ways seems to be more positive perhaps than the broader populous about the possibility o
i'm curious. >> many people want to go over the fiscal cliff. people who want the defense budget cut and feel the defense budget is wasteful. perhaps the headlines actually lately out of the military will make people feel a stance. people who feel they are able to teach america a lesson to go over the cliff. the cliff jumpers feel very strongly that they are doing the right thing. while i favor the first amendment, i think it's an important way to be able to discuss things. i cannot --...
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Jul 23, 2012
07/12
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one is about the fiscal cliff where the bush tax cuts get extended or another and another about romney's own plan. i asked him specifics to fix the economy. many of his supporters want him to give specifics on growth and came up with tax cuts there, too. i think we have a clip of a runway for tax cuts. do we? >> my plan is one to get a bit of a runway for policies to get the economy going and so when i say extend the current tax setting, what i'm saying is don't raise taxes. keep the taxes in place that we have. and then i would like to reform our tax code by bringing the rates down across the board for everybody. also, limiting the deductions and exemptions so that highest income people continue to pay the share they're paying now. not looking for tax breaks for high income folks but more money kept in small business so it can hire more people and pay better wages. >> you know, i also asked him if he could be specific on a number of things and actually he boiled his 59-point program down in to 5 points, brian, which i thought was pretty good. energy, tax cuts, trade, a balanced budget a
one is about the fiscal cliff where the bush tax cuts get extended or another and another about romney's own plan. i asked him specifics to fix the economy. many of his supporters want him to give specifics on growth and came up with tax cuts there, too. i think we have a clip of a runway for tax cuts. do we? >> my plan is one to get a bit of a runway for policies to get the economy going and so when i say extend the current tax setting, what i'm saying is don't raise taxes. keep the...
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Nov 13, 2012
11/12
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plus it's not just the stock market, tax increases and the budget cuts of the fiscal cliff that could hit your wallet in a big way. tonight i'm helping you understand what's at stake. "mad money" is coming up next. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnan
plus it's not just the stock market, tax increases and the budget cuts of the fiscal cliff that could hit your wallet in a big way. tonight i'm helping you understand what's at stake. "mad money" is coming up next. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your...
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Nov 5, 2012
11/12
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if he doesn't cut taxes then we'll have 5 trillion more of a fiscal cliff. the whole thing doesn't hold water. the president today, the market's up over 100% since he's taken office. >> you have to throw in the federal reserve over there, though. >> the federal reserve's not going anywhere. we have been -- >> when you say the market is up "x" percent under president obama, there's also this free money all over from the fed. >> correct. but we don't see inflation and rates having an immediate backup. rates will stay low for a while. we just had qe3 come in. it's not as if the trajectory is changing. i think. -t bodes well for the market irrespective of who's president because, one, i think we'll have this last year of election behind us. two, i think you'll have clarity on fiscal deal. and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just starte
if he doesn't cut taxes then we'll have 5 trillion more of a fiscal cliff. the whole thing doesn't hold water. the president today, the market's up over 100% since he's taken office. >> you have to throw in the federal reserve over there, though. >> the federal reserve's not going anywhere. we have been -- >> when you say the market is up "x" percent under president obama, there's also this free money all over from the fed. >> correct. but we don't see...
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Apr 9, 2012
04/12
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he says america is headed off a fiscal cliff. to prevent it, he says we should repeal all the bush-era tax cuts. all right. we will ask how to grow the economy when we come back. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know how hard if yit can be to breathedo, and what that feels like. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open a full 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. and it's steroid-free. spiriva d
he says america is headed off a fiscal cliff. to prevent it, he says we should repeal all the bush-era tax cuts. all right. we will ask how to grow the economy when we come back. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence....